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4 Miami residents accused of bank fraud arrested

Defendants alleged to have scammed banks out of more than $100,000

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CORAL GABLES, Fla. – Four Miami residents accused of bank fraud were arrested Thursday.

Gabriel Salcedo, 20, Allen Salcedo, 22, Jerry Tejeda, 28, and Saly Tejeda, 23, are charged with grand theft, organized fraud, conspiracy to commit racketeering, credit card fraud and bank fraud.

The arrests are the result of a joint operation involving the U.S. Secret Service, Coral Gables police and state prosecutors.

Authorities said the defendants deceived banks into believing they were account holders who had their accounts compromised, even though they made the withdrawals themselves.

The defendants are also alleged to have operated a credit card fraud scheme to scam financial institutions out of more than $100,000.

All four suspects face more than 40 years in prison if convicted on all charges.

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